VIENNA INSURANCE enters Romanian voluntary pensions market
VIENNA INSURANCE officially entered the Romanian voluntary private
pensions market (3rd pillar) this week, its voluntary pension fund
"CONCORDIA Moderat" having been authorised by CSSPP, the Romanian
pensions regulator. Thus, the number of funds on the Romanian voluntary
pensions market reached 9, with a potential to get to 12 funds by the
end of this year. At the end of July 2008, the Romanian voluntary
pensions market had over 117,000 participants and assets under
management of 13.6 EUR mln - being expected to reach 200,000 clients
and 25 EUR mln worth of assets by the end of the year. Another 3 funds
are in currently in authorisation procedures at CSSPP.
21.08.2008
